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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Aug 07, 1986
Page
6
The AP reports thin futures talk as Gold and Silver indices moved on mixed data in New York. Traders assessed open high low and settle figures with cautious sentiment amid limited liquidity and global market cues.
Wall Street ended with a mixed tone as traders reassessed oil price and rate prospects. The Dow rose 2.53 to 1779.53 after an early dip, while NYSE volume cooled to 127.51 million and broad indices slipped modestly. The market weighed OPEC production cuts and the durability of any price gains amid investor uncertainty.
Analysts say OPEC’s plan to curb output could lift gasoline prices by as much as 20 cents a gallon, averaging over $1.00, with some experts doubting near term impact. Industry officials warn of broader inflation and investor reactions as markets tremble.
A new Dollar Bargain Outlet will open at Blue Prince Plaza on August 27 as the 40th store for the Johnstown, Pennsylvania based chain. Gene Waldo of Glosser Brothers Dollar Bargain Division said a preopening period will run one to two days to acclimate staff and customers. The store covers 23,000 square feet with an 18,000 square foot selling floor. 15 employees have been hired and 30 to 40 total workers are planned. a manager will be chosen soon.
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